Shriram Pistons & Rings Reports Robust Q4 Performance with 26% Profit Surge and Dividend Announcement May 07, 2025
More news about Shriram Pistons & Rings
02Apr 25
Shriram Pistons & Rings Completes Strategic Acquisition of Karna Intertech
Shriram Pistons & Rings Limited (SPRL) has completed the acquisition of Karna Intertech Private Limited for INR 50 crore, making it a wholly-owned subsidiary. Karna, a manufacturer of gravity die casting moulds, has been a key supplier to SPRL. The acquisition, effective April 1, 2025, is expected to strengthen SPRL's position in high-precision automotive components manufacturing. Karna's revenue has shown steady growth, reaching INR 49.98 crore in FY 2023-24. This strategic move aims to leverage synergies, optimize supply chain, protect intellectual property, and maintain quality control in SPRL's operations.
01Apr 25
Shriram Pistons & Rings Completes Strategic Acquisition of Karna Intertech
Shriram Pistons & Rings Limited (SPRL) has completed the acquisition of Karna Intertech Private Limited for INR 50 crore, making it a wholly-owned subsidiary. Karna, a key supplier of gravity die casting moulds to SPRL, brings valuable assets including a sophisticated tool room and modern CNC machine tools. The acquisition aims to integrate a crucial supplier, protect intellectual property, maintain quality standards, and support SPRL's long-term growth strategy. Karna's revenue has shown steady growth over the past three years, reaching INR 49.98 crore in FY 2023-24.
07Mar 25
Shriram Pistons & Rings to Acquire Karna Intertech for ₹50 Crore, Boosting Die Casting Capabilities
Shriram Pistons & Rings Limited (SPRL) is set to acquire a 100% stake in Karna Intertech Private Limited for ₹50 crore. The acquisition, expected to complete by April 15, 2025, aims to strengthen SPRL's position in the automotive components industry and enhance its die casting capabilities. Karna, a key supplier of gravity die casting moulds, will help SPRL integrate its supply chain, protect intellectual property, ensure quality, and support long-term growth. The move is anticipated to positively impact SPRL's operations through vertical integration, technology enhancement, and capacity expansion.